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    Bar and Pool Hall with Patio Title is generated by Realmo AI

    106 E Elm Street, Hillsboro, TX 76645

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    Claim this Listing
    New
    For Sale
    $275,000

    COMMERCIAL - Hillsboro, TX

    Property size:
    3,744 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $73/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for 106 E Elm Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Open, On Street
    Standard status
    Active
    APN
    134130
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Description
    HILLSBORO OT BLK 4 LT 3B & 6B
    Tax Annual Amount
    1884

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl, Carpet
    Building materials
    Brick

    We can help!

    Listing Contact
    Lacey Whitehouse
    Lacey Whitehouse

    Listing agent Lacey Whitehouse

    Listing office Julie Siddons REALTORS, LLC Hillsboro, TX

    Listing date Jun 5, 2026

    MLS# 21290376

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3,744 SF commercial building built with brick construction
    • Currently leased and operating as a bar and pool hall with a functional bar setup and kitchen area
    • Includes restrooms plus a covered back patio used for additional seating or entertainment
    • Upstairs is currently used for storage and could be converted to office space
    • Rear access from a one‑way road with a back covered porch for overflow seating and deliveries
    • Utilities: public water and public sewer; central heating (natural gas) and central air; open and on‑street parking

    Overview

    This downtown commercial building is currently leased and operating as a bar and pool hall. The main level includes a functional bar setup with a kitchen area and restrooms, plus outdoor space with a covered back patio designed for additional seating or entertainment. There is also a back covered porch used for overflow seating. Upstairs is currently used as storage space, with space that could be converted into office use.

    The property is situated in Hillsboro, Texas, and is positioned right off the courthouse area. It is described as offering visibility in a high-traffic area with walkability to downtown restaurants, bars, retail shops, and other attractions. The building is located across from The Yard, which hosts live concerts and special events.

    For prospective tenants or buyers, this is a turnkey setup for bar-and-entertainment concepts, given the existing bar configuration, kitchen, and restroom facilities, along with covered outdoor seating. The building’s rear access from a one-way road can support delivery and storage needs, and the second-floor storage area provides flexibility for office conversion if desired. The current lease status should be reviewed for continuity of operations and timing of any future occupancy plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ember Cigar Co — 73 N Waco St, Hillsboro, TX 76645
    • Wranglers Cafe & Entertainment — 106 E Elm St, Hillsboro, TX 76645
    • Frenkie's Bar(Ultralounge) — Hillsboro, TX 76645
    • THE YARD - Downtown Hillsboro — 107 E Elm St, Hillsboro, TX 76645

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Hill
    State
    Texas
    Longitude
    -97.1277024
    Latitude
    32.0109551

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    FAQs

    What type of property is this?
    Bar & Pub - Downtown bar and pool hall with kitchen, restrooms, and a covered patio for additional guest seating.
    Where is this bar & pub located?
    The property is located at 106 E Elm Street Hillsboro, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 3,744 SF commercial building built with brick construction; Currently leased and operating as a bar and pool hall with a functional bar setup and kitchen area; Includes restrooms plus a covered back patio used for additional seating or entertainment
    (254) 582-0077
    We can help!
    Listing Contact
    Lacey Whitehouse
    Lacey Whitehouse
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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